Bill > HB1418

This bill modifies Oklahoma's motor fuel tax laws to define and provide specific tax treatment for marine gasoline, which is fuel formulated for use in marine engines such as those found in boats and watercraft. The bill adds a new definition for marine gasoline to the state's motor fuel tax code, imposes a sixteen-cent per gallon tax on marine gasoline (the same rate as gasoline), and creates a specific exemption from sales tax for marine gasoline when motor fuel tax has been or will be paid. Additionally, the bill creates a tax exemption for marine gasoline used to power boats and watercraft for non-highway purposes. These changes effectively integrate marine gasoline into the existing motor fuel tax framework, recognizing it as a distinct type of fuel with specific taxation and exemption rules. The bill is set to become effective on November 1, 2025, giving businesses and tax authorities time to prepare for the new definitions and tax treatments.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1418&Session=2600